Universal Life Insurance
Secure Your Lifetime, Leave a Lasting Legacy.
What is Universal Life Insurance?
Universal Life Insurance is an affordable type of permanent life insurance, offering long-term coverage without breaking the bank.
Unlike other policies, it provides flexibility in premium payments and death benefit amounts, allowing policyholders to adapt as their needs change.
Universal Life comes with a built-in cash value component, where you can stash away funds tax-deferred, serving as a financial safety net and potential income source.
With Universal Life Insurance, you’re in charge, making adjustments to fit your lifetime security and legacy planning needs, ensuring lasting financial protection.
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Advantages of Universal Life Insurance?
Universal Life Insurance offers flexibility in premium payments and death benefits. You can adjust these aspects to align with your changing financial circumstances, making it adaptable to your needs over time.
it includes a cash value component that accumulates over time. This cash value grows on a tax-deferred basis, allowing you to build a financial cushion that you can access when needed.
Universal Life Insurance provides coverage for your entire lifetime, as long as you pay the premiums. This ensures that your loved ones will receive a death benefit whenever you pass away, providing peace of mind.
It can be a valuable tool for estate planning. The death benefit can be used to cover estate taxes, ensuring that your heirs receive the full value of your estate, and it can also serve as a way to leave a financial legacy to your beneficiaries.
Provides benefits from a life insurance policy with generally affordable premiums
Frequently Asked Questions
Why do I need Universal Life Insurance?
- The reasons for buying universal life insurance are almost as varied as the number of policies available for purchase.
- For most people, providing a ready source of funding for grieving loved ones after death is an important consideration. When you die, will your loved ones be able to afford to pay your final expenses and debts and be able to maintain their current standard of living? If the answer is “no”, it’s time to explore various life insurance options to determine what makes the most sense for your situation.
How Does Universal Life Insurance Work?
- Provides a death benefit to pay off your mortgage in the event of your death
- Pays your mortgage payments if you become disabled
- Protects your mortgage payments in the event of critical illness
- Provides benefits from a life insurance policy with generally affordable premiums
- Achieves peace of mind for your home and family